Barrick and Tanzania reach proposal to settle country’s row with Acacia
The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.
Delivering its Q3 results, the debt-laden gold miner said it is temporarily suspending all construction activity at its $8.5 billion Pascua-Lama project.
Gold price climbs back to five-week highs near $1,360 an ounce on Wednesday, ahead of a Fed decision on monetary policy and more evidence of a weak US economy.